Radian Group Inc. (NYSE:RDN) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of Radian Group Inc. (NYSE:RDN) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,541 shares of the insurance provider’s stock after buying an additional 2,083 shares during the period. Sanctuary Advisors LLC’s holdings in Radian Group were worth $718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RDN. V Square Quantitative Management LLC acquired a new stake in Radian Group during the 3rd quarter worth approximately $27,000. Fifth Third Bancorp grew its position in Radian Group by 859.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,295 shares of the insurance provider’s stock valued at $40,000 after buying an additional 1,160 shares during the last quarter. Blue Trust Inc. increased its stake in Radian Group by 352.4% in the 3rd quarter. Blue Trust Inc. now owns 2,502 shares of the insurance provider’s stock valued at $87,000 after buying an additional 1,949 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Radian Group in the 2nd quarter valued at $116,000. Finally, KBC Group NV raised its position in Radian Group by 19.0% during the 3rd quarter. KBC Group NV now owns 4,481 shares of the insurance provider’s stock worth $155,000 after buying an additional 716 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Radian Group Price Performance

Radian Group stock opened at $31.83 on Tuesday. The company has a market cap of $4.74 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. Radian Group Inc. has a one year low of $26.11 and a one year high of $37.86. The business has a fifty day moving average of $34.15 and a two-hundred day moving average of $33.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.01 and a current ratio of 2.01.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. Radian Group had a net margin of 45.96% and a return on equity of 13.81%. The firm had revenue of $319.05 million during the quarter, compared to analysts’ expectations of $320.30 million. As a group, analysts predict that Radian Group Inc. will post 4 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.08%. The ex-dividend date was Monday, November 25th. Radian Group’s payout ratio is currently 25.39%.

Insider Activity at Radian Group

In related news, insider Derek Brummer sold 14,705 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $34.65, for a total value of $509,528.25. Following the sale, the insider now directly owns 171,830 shares of the company’s stock, valued at approximately $5,953,909.50. This represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their target price on shares of Radian Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.10.

Radian Group Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.